Comcast RISE Investment Fund Provides $21 Million in Grants to Support Small Businesses Hardest Hit by the COVID-19 Pandemic
Small Businesses in
To date, more than 9,500 small businesses have received marketing, technology or grant support from the Comcast RISE program
In addition, Comcast RISE invests in ongoing mentorship and resources to help businesses succeed over the long-term. The program has partnered with Ureeka, an online platform for entrepreneurs, to provide grant recipients with business coaching to help build skills in company foundation, growing customers and financial stability. All Comcast RISE recipients will also have a specialized online networking community within Ureeka with access to educational resources, sources of capital, and vetted experts such as
Comcast RISE Recipients to Date
The Comcast RISE program has awarded thousands of small businesses owned by people of color and women additional grants in the form of a TV campaign, production of a TV commercial or consulting services from Effectv or computer equipment, internet, voice or cybersecurity from Comcast Business, as well as access to coaching from Ureeka. To date, more than 9,500 Comcast RISE awardees have been announced and the program is on track to provide support for 13,000 small businesses by the end of 2022.
"While we know that no single organization can solve historic and systemic inequities overnight, we are committed to taking tangible actions that can drive long-term impact and change," said
Comcast RISE Marketing and Technology Services
In addition to the Investment Fund, Comcast RISE, which stands for "Representation, Investment, Strength and Empowerment," provides the opportunity for small businesses owned by people of color and women nationwide to apply for grants for one or more of the following support focus areas with the opportunity to receive one.
- Marketing Services Grant: The following services from Effectv, the advertising sales division of
Comcast Cable, and its creative agency, Mnemonic, are designed to help recipients with their marketing and media campaigns, including:
- Media: A linear TV media campaign to run over a 90-day period.
- Creative Production: Turnkey :30 TV commercial production, plus a media strategy consultation and 90-day media placement schedule.
- Consult: Digital audits by Ureeka in the form of Website Repair Reports and SEO Keyword reports to target website mechanics and effective organic marketing
- Technology Makeover Grants: The state-of-the-art equipment and technology upgrade from Comcast Business includes computer equipment as well as Internet, Voice, and Cybersecurity services for up to a 12-month period. (Taxes and other fees may still apply for technology makeover services.)
- Monetary Grants: In round one, which was announced in April of 2021, the
Comcast RISE Investment Fundprovided $5 millionin grants to 500 small businesses owned by people of color in five cities: Philadelphia/ Chester, Houston, Atlanta, Chicago, and Detroit. In round two, which was announced in September of 2021, the Comcast RISE Investment Fundprovided $6 millionin grants to 600 small businesses in six cities: Miami, Houston, Oakland, Seattle, the Twin Cities, and Washington, D.C.In round three, the Comcast RISE Investment Fundprovided an additional $5 millionin grants to 500 small businesses owned by people of color and women in five cities: Atlanta, Detroit, Pittsburgh, Philadelphia, and the Twin Cities. As noted above, in round four, the Comcast RISE Investment Fundwill provide $5 millionin grants to 500 small businesses in Chicago, Miami, Oakland, Seattle, and Washington, D.C.
All eligible applicants will receive a monthly Comcast RISE newsletter with educational content, and all small business owners can visit the Comcast RISE destination on the X1 platform featuring aggregated small business news, tips, insights, and more. Just say "Comcast RISE" into the X1 voice remote.
Comcast RISE is part of Project UP, the company's comprehensive initiative to advance digital equity and help build a future of unlimited possibilities.
More information and the applications to apply for either the grant program or marketing and technology services are available at www.ComcastRISE.com.
About Comcast Business
Comcast Business offers Ethernet, Internet, Wi-Fi, Voice, TV and Managed Enterprise Solutions to help organizations of all sizes transform their business. Powered by an advanced network, and backed by 24/7 customer support, Comcast Business is one of the largest contributors to the growth of
Effectv, the advertising sales division of